PUTIN HOPES RF INCREASES INVESTMENTS INTO ARMENIA'S ECONOMY
by Mikhail Petrov

ITAR-TASS, Russia
Oct 30 2006

President Vladimir Putin said he is hopeful that Russian companies
will increase investments into Armenia's economy.

Opening his meeting with Armenian President Robert Kocharyan on
Monday, President Putin said, "Shame of us but Russia ranks third on
investments into Armenia's economy. I say shame of us because it is
rather strange when Russia does not rank first on investments into
the economy of its strategic partner."

At the same time, the Russian president said trade and economic
relations are developing. "Trade is growing although absolute figures
are not so high for Russia - the growth reaches 60 percent in the
eight months," he added.